Enrolled Bill Summary

House Bill 1040	House Author:  Gallego
Effective:  6-17-11	Senate Sponsor:  Uresti

House Bill 1040 validates and confirms the creation of, and election on, a venue project to finance the restoration and renovation of a venue as of the date of an election held before the bill's effective date at which the voters of a municipality approved the creation of the venue project and the levy of a two percent increase in the local hotel occupancy tax. The bill also validates and confirms the levy and collection of a two percent increase in the local hotel occupancy tax for a venue project that occurred before the bill's effective date. The bill makes such validation and confirmation inapplicable to a matter that has been held invalid by a court or that may be held invalid as a result of litigation pending on the bill's effective date or to a governmental act or proceeding that would constitute a criminal offense.

The bill amends the Local Government Code to authorize the governing body of each political subdivision that created a venue district wholly located in a county with a population of less than 15,000 to dissolve the district by adopting a concurrent order. The bill also provides for the disposition of the assets and liabilities of a district so dissolved.